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02/23/98 15:59 $503 588 5237 MARION C0. COM. ~~~ DIR ADMIN CORREC f~011/O11 <br />FEB-23-96 tiON 11;18 PALt~R GROTH & PIETKA FAX N0. 503 273 4273 P,10 <br />• The oost ta build Counhouse Square is Iess than rer~ting spacc at mazket rates. <br />Present Value of Markd Rent: 52.5,035,827 to $27,859,676 <br />Building Cost: (520,826_____~149] <br />Saviags: $4,200,000 to $7,000,000 , <br />• Present value of cont~act rent and ownership is less than re~ting space at ma,rket rents. <br />Presant Vaiue of Mar]~t Rent: $25,035,827 to $2'1,859,676 <br />• Present Value of Contract RendOwnership: ~$, 9~6,456 to $20,350_8$2 <br />Savings= 56,100,000 to $7,500,000 <br />- Tbe analy~s does not reflect atty savings in Gounty opet'ations with seivices locatEd i~t one <br />building. <br />• Does aot reflect savings in tlme to t~e h~xpayers with all sGr++ices ir~ oae building. <br />• Analysis assames you ean fu~d 114,557 sqvare feet in a Class A/B bur~ding in the Saleta <br />mark~t - whi,ch is unl~'kely in today's office building matlor~. <br />